Amazon followed<\/a> on Thursday with its strongest cloud growth in more than four years.<\/p>\n\u201cInvestors are increasingly focused on capital efficiency, financing and the long-term economics of hyperscalers\u2019 AI spending rather than on near-term demand,\u201d said Saverio Papagno, portfolio manager of North Square Growth Opportunities ETF.<\/p>\n
Overseas, the pan-European STOXX 600 was up 0.83 per cent in morning trading. Britain\u2019s FTSE 100 rose 0.67 per cent, Germany\u2019s DAX gained 0.99 per cent and France\u2019s CAC 40 advanced 0.99 per cent.<\/p>\n
In Asia, Japan\u2019s Nikkei closed 4.03 per cent higher, while Hong Kong\u2019s Hang Seng edged up 0.10 per cent.<\/p>\n
Commodities<\/p>\n
Oil prices fell as more supplies flowed through crucial maritime chokepoints, despite a lack of major breakthroughs in talks between the United States and Iran. Oil prices, however, remained on track for a monthly rise.<\/p>\n
Brent crude futures were down 1.44 per cent at US$87.75 a barrel, while U.S. West Texas Intermediate crude slipped 1.77 per cent to US$82.11 a barrel.<\/p>\n
\u201cThe market has stopped trading the war and started trading the shipping data,\u201d said Ole Hvalbye, market analyst at SEB Research. \u201cEvery escalation since February has been followed by flows partially recovering within days, so headlines get faded and transit counts get traded more in detail I believe.\u201d<\/p>\n
In other commodities, spot gold fell 0.7 per cent to US$4,075.35 per ounce. U.S. gold futures for August delivery lost 0.6 per cent to US$4,074.<\/p>\n
Currencies and bonds<\/p>\n
The Canadian dollar weakened against its U.S. counterpart.<\/p>\n
The day range on the loonie was 71.29 US cents to 71.29 US cents in early trading. The Canadian dollar was up about 1.33 per cent against the greenback over the past month. <\/p>\n
The U.S. dollar index, which weighs the greenback against a group of currencies, rose 0.28 per cent to 100.005. The dollar was pegged at $1.4013. <\/p>\n
The euro slipped 0.04 per cent to US$1.1525. The British pound lost 0.04 per cent to US$1.3462.<\/p>\n
In bonds, the yield on the U.S. 10-year note was last down at 4.651 per cent.<\/p>\n
Economic news<\/p>\n
China purchasing managers indexes<\/p>\n
Japan inflation, employment, retail sales and industrial production data<\/p>\n
Euro area inflation data<\/p>\n
8:30 a.m. ET: Canada monthly real GDP for May. Consensus is for a 0.1 per cent monthly increase, slowing from April\u2019s 0.5 per cent. An advance estimate will also be released for June<\/p>\n
8:30 a.m. ET: U.S. employment cost index<\/p>\n
10 a.m. ET: U.S. University of Michigan consumer sentiment final reading for July<\/p>\n
Ottawa\u2019s latest budget balance<\/p>\n
With Reuters and The Canadian Press<\/p>\n","protected":false},"excerpt":{"rendered":"Equities A late-week rally in global shares left them on track for weekly gains after earnings from some…\n","protected":false},"author":2,"featured_media":150727,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[1634,17,1635,1627,1629,1630,1632,1636,1448,1637,1631,1628,1633,818],"class_list":["post-150726","post","type-post","status-publish","format-standard","has-post-thumbnail","category-canada","tag-bonds","tag-canada","tag-canadian-dollar","tag-dow-jones","tag-equities","tag-futures","tag-gold","tag-loonie","tag-nasdaq","tag-newnewsletter","tag-oil","tag-sd","tag-silver","tag-tsx"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/150726","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/comments?post=150726"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/150726\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media\/150727"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media?parent=150726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/categories?post=150726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/tags?post=150726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}